CincyTech invests in Mason-based Cloud Takeoff

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CincyTech, a public-private venture development organization focused on funding high-tech startups in Southwest Ohio, has invested $300,000 in Cloud Takeoff, a Mason, Ohio-based company that offers an easy and powerful cloud-based tool for contractors in commercial construction.

Cloud Takeoff was named one of the construction industry's Top New Products for 2013 by Constructech Magazine. Cloud Takeoff provides construction estimating (or "takeoff") software coupled with the ability to share digital blueprint plans and collaborate in real time. The initial target market is contractors and material suppliers who desire an easier way to estimate, share and collaborate online without having to download plans.

The CincyTech investment will allow Cloud Takeoff to accelerate product development, including solutions for all types of mobile devices. Cloud Takeoff also plans to expand product integrations with plan rooms and content providers around the globe.

“Our mission is to drive talent and capital into high-potential technology companies in Southwest Ohio,” says CincyTech President Bob Coy. “We believe that Cloud Takeoff has the potential to create high-quality jobs and returns for investors.”

"CincyTech was attracted to an experienced management team, led by Phil Ogilby, a seasoned entrepreneur," says CincyTech Entrepreneur-in-Residence Douglas Groh. "Moreover, Cloud Takeoff has already developed a basic version of the product that is gaining traction in the marketplace. The investment and support provided by CincyTech will enable Cloud Takeoff to more quickly build features and functions that greatly enhance the user experience. This, in turn, should accelerate customer adoption."

Truly a family affair, Cloud Takeoff was founded by Phil Ogilby along with his wife, Jane Baysore, and his son Justin. Phil and Justin created a successful estimating software program called Buildware Pro in the 1990s before founding iSqFt construction bidding software. Initially focused on the development of takeoff and estimating software for the commercial roofing and sheet metal industry, iSqFt is now the construction industry's leading online preconstruction management service.